Vantage Towers AG (VTWR) - Net Assets
Based on the latest financial reports, Vantage Towers AG (VTWR) has net assets worth €5.54 Billion EUR (≈ $6.48 Billion USD) as of March 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€11.04 Billion ≈ $12.90 Billion USD) and total liabilities (€5.49 Billion ≈ $6.42 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Vantage Towers AG tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €5.54 Billion |
| % of Total Assets | 50.23% |
| Annual Growth Rate | 2.33% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1.02 |
Vantage Towers AG - Net Assets Trend (2021–2023)
This chart illustrates how Vantage Towers AG's net assets have evolved over time, based on quarterly financial data. See how many days can Vantage Towers AG fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Vantage Towers AG (2021–2023)
The table below shows the annual net assets of Vantage Towers AG from 2021 to 2023. For live valuation and market cap data, see VTWR market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2023-03-31 | €5.54 Billion ≈ $6.48 Billion |
+3.35% |
| 2022-03-31 | €5.36 Billion ≈ $6.27 Billion |
+1.31% |
| 2021-03-31 | €5.29 Billion ≈ $6.19 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Vantage Towers AG's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 225.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €514.30 Million | 9.28% |
| Other Components | €5.03 Billion | 90.72% |
| Total Equity | €5.54 Billion | 100.00% |
Vantage Towers AG Competitors by Market Cap
The table below lists competitors of Vantage Towers AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Telus Corp
TO:T
|
$19.30 Billion |
|
SNAM S.P.A. ADR 2
F:SNM0
|
$19.32 Billion |
|
Varun Beverages Limited
NSE:VBL
|
$19.33 Billion |
|
Bayan Resources Tbk
JK:BYAN
|
$19.39 Billion |
|
Liberty Media Corporation Series C Liberty Formula One Common Stock
NASDAQ:FWONK
|
$19.28 Billion |
|
Synnex Corporation
NYSE:SNX
|
$19.28 Billion |
|
Bank of Shanghai Co Ltd
SHG:601229
|
$19.19 Billion |
|
SUMITOMO MITSU.TR.H.ADR10
F:MIU0
|
$19.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vantage Towers AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 5,363,700,000 to 5,543,300,000, a change of 179,600,000 (3.3%).
- Net income of 473,100,000 contributed positively to equity growth.
- Dividend payments of 318,600,000 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €473.10 Million | +8.53% |
| Dividends Paid | €318.60 Million | -5.75% |
| Other Changes | €25.10 Million | +0.45% |
| Total Change | €- | 3.35% |
Book Value vs Market Value Analysis
This analysis compares Vantage Towers AG's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.49x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 3.65x to 3.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-03-31 | €10.47 | €38.20 | x |
| 2022-03-31 | €10.60 | €38.20 | x |
| 2023-03-31 | €10.96 | €38.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vantage Towers AG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.53%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 43.20%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.99x
- Recent ROE (8.53%) is above the historical average (6.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 2.99% | 29.03% | 0.05x | 1.94x | €-371.23 Million |
| 2022 | 6.65% | 34.88% | 0.10x | 2.00x | €-179.47 Million |
| 2023 | 8.53% | 43.20% | 0.10x | 1.99x | €-81.23 Million |
Industry Comparison
This section compares Vantage Towers AG's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $17,060,022,158
- Average return on equity (ROE) among peers: 3.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vantage Towers AG (VTWR) | €5.54 Billion | 2.99% | 0.99x | $19.29 Billion |
| Grainger PLC (1U4) | $745.30 Million | 10.02% | 1.37x | $1.35 Billion |
| A-LIVING SM.CI.SV. H YC 1 (1V0) | $14.12 Billion | 13.02% | 0.61x | $337.61 Million |
| E-H.(CH)ENT. H. DL-00001 (1VC) | $-6.56 Billion | 0.00% | 0.00x | $1.02 Million |
| RomReal Limited (3RR) | $15.95 Million | 9.95% | 0.04x | $8.39 Million |
| Red Star Macalline Group Corporation Ltd (3S5) | $57.53 Billion | 3.56% | 1.35x | $113.53 Million |
| SOHO China Limited (45S) | $37.37 Billion | 0.16% | 0.84x | $246.98 Million |
| CELLN.TELEC.UNSP.ADR/1/2 (4720) | $15.32 Billion | -0.18% | 1.85x | $17.56 Billion |
| SHIMAO SERV.HLDGS HD-01 (5GO) | $8.04 Billion | -3.39% | 0.62x | $154.26 Million |
| SUNAC SERVIC.HLDGS HD-01 (65D) | $5.23 Billion | 3.87% | 0.88x | $333.11 Million |
| COUNTRY GARDEN SVDL-0001 (75H) | $38.78 Billion | 0.75% | 0.79x | $2.18 Billion |
About Vantage Towers AG
Vantage Towers AG, a tower infrastructure company, engages in the acquisition, leasing, construction, maintenance, and management of passive network infrastructure for mobile communications in Germany, Spain, Greece, and other European Markets. Its product portfolio includes towers, masts, rooftop sites, distributed antenna systems, and small cells. The company also offers colocation, built-to-su… Read more